Government Targets Rs 1 Trillion in Infrastructure Contracts This Fiscal Year
Summary
The government plans to call tenders for infrastructure projects worth around Rs 1 trillion this fiscal year, with a focus on multi-year budgeting to expedite procurement and construction.
Key Points
- The government aims to call tenders for infrastructure projects worth about Rs 1 trillion this fiscal year.
- The Physical Infrastructure and Transport Ministry's budget is Rs 286 billion for the current fiscal year.
- The government is prioritizing a multi-year budget system to group similar projects for faster processing.
- Bundling similar projects can reduce procurement time from up to three years to six to seven months, accelerating construction.
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